Middle East Economic Survey

VOL. XLVIII

No 2

10-January-2005

OMAN

Oman 2005 Budget Projects $9.6Bn Spending, Deficit Of $1.4Bn

Oman on 2 January announced its budget for 2005, setting spending at OR3.68bn ($9.56bn), revenues of OR3.140bn ($8.16bn) and a deficit of OR540mn ($1.4bn) up 8% on 2004. The new budget is based on an oil price of $23/B, compared to $21/B in last years budget, which set expenditures at OR3.425bn ($8.90bn), revenues of OR2.925bn ($7.60bn), and a deficit of OR500mn ($1.30bn ...